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Schroders economist Keith Wade argues the US dollar is weighing on US activity and that the path is open to a weaker currency. He notes that Trump has called for a weaker dollar, and that historically the dollar has tended to soften after Fed tightening cycles.
A weaker dollar outlook would support dollar-priced commodities and emerging-market currencies, improving import affordability for feed buyers abroad.
schroders.comKeith WadeMay 3, 2017After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
